bursar-l: bad debt allowance

Hi,
  I am new to the world of student loans and we're trying to figure out
if schools allow for bad debt allowance for Federal Perkins loans. If
so, do you use a certain formula or how do you determine that allowance?
Historically, Oxy has carried a bad debt allowance but we're wondering
why since we can technically assign those loans to the Dept of Ed.
 
Thanks in advance for your time!
 
-yady
 
Yadira Barajas '97
Occidental College
Assistant Controller
Student Business Services
(323) 259-2554
yady@oxy.edu
 

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Received on Tue Nov 27 08:22:17 2007